2026-01-09 04:21:55

risking everything to participate in trading competitions, and what was the result? The account actually shrank. After completing the entire season's tasks, I ended up choosing to quit trading. The trading competitions for these two projects, $KGEN and $STAR, seem full of opportunities, but after actually participating, I realized—high thresholds and even higher risks. Many contestants, like me, ultimately return empty-handed. Is this the truth of Web3 trading competitions? Or is there an issue with my own trading strategy?

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RektDetective

· 21h ago

A typical seasonal trap... Looks like you can make money, but it's actually a variant of cutting leeks. I also participated in that round of $KGEN, and in the end, I found that the top few on the leaderboard were already monopolized by internal accounts.

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NotAFinancialAdvice

· 01-09 16:47

It's just a "competition" to harvest profits under the guise of a contest; the higher the threshold and risk, the more accurate that statement is. Account shrinkage is the norm, who hasn't been scammed... Strategy issues? Haha, most of the time it's the project team harvesting. Withdrawing is the right move; don't be brainwashed by false "opportunities." A competition? I think it's just a cover.

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SmartMoneyWallet

· 01-09 07:21

On-chain data is obvious at a glance. The chip distribution in this type of competition has long been exploited by the big players, and retail investors just end up being the ones to take the fall.

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P2ENotWorking

· 01-09 04:51

Losing so much that I doubt life itself, this competition is just a scheme to harvest the little guys, right?

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GasWaster

· 01-09 04:42

Trading competitions are just a trap, honestly... The ranking mechanisms of these two projects are written like riddles.

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DefiOldTrickster

· 01-09 04:38

Haha, that's why I never participate in this kind of competition—what looks like an arbitrage opportunity is actually a liquidation trap.